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Weekly Mortgage Rates
  30 Year Fixed 5.00 %
  15 Year Fixed 4.36 %
  1 Year ARM 4.07 %
Freddie Mac Natl. Avg.
Updated 5/6/2010

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Results for  the letter E - Records (1 - 15) of 39

TermDefinition
 
Early occupancy  The condition in which buyers can occupy the property before the sale is completed.

Earnest money  Money a buyer gives with an offer to purchase a property. Also called a deposit.

Earthquake insurance  A policy that provides coverage against damage to a home from an earthquake.

Easement  A right given to a third party to use a portion of the property for certain purposes, such as power lines or water mains.

Eaves  The projecting overhang at the lower edge of a roof

Effective age  The age of a structure estimated by its condition rather than its actual age.

Effective gross income  Additional income that a lender considers when assessing the loan application of a potential borrower.

Electric service panel  A panel that transfers power from the utility line into a house to be distributed through fuses or circuit breakers.

Elevations  The exterior view of a home design that shows the position of the house relative to the grade of the land.

Ell  An extension or wing of a house that is at right angles to the main structure.

Eminent domain  The government's right to condemn private land for public use, such as the routing of a public highway.

Employer-assisted housing  Programs which help employees purchase homes through special plans developed with lenders.

Empty nesters  Potential buyers who have raised their families and want to move into a smaller home.

Encroachment  Fences or other structures that extend into the property of another owner.

Encumbrance  A claim or lien on a property which complicates the title process.
 
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